Elaine Stokes, a bond fund executive with Loomis Sayles, said she is thinking about a strategy to cope with slow global and U.S. growth. She cautioned that central banks have gone as far as they can go with negative interest rates and cheap money in general. She added that investors should be thinking about how they will invest amid high corporate debt, bank loans and private debt levels in the next recession.
“I am really concerned about the next correction,” Stokes said. She adds that the next big economic and political problems could be happening in a global environment of extreme nationalism. And that could hurt efforts to solve these problems.
“And no one,” she complained, “is cooperating.